New!
09.30.2022 11 new Morning Note posts under Morning Note (10) and CAPIS Insights (1)

Morning Note

News

Morning Note

"CAPIS Morning Note -3/9/20 In The Overnight Session, S&P 500 Futures Are Limit Down -5%"

posted by CAPIS on 03/09/2020 at 8:03 am

by CAPIS

03/09/2020 at 8:03 am

Breaking News: 

IPOs on deck: None of note.

IPOs Filed:  None of note.

Secondaries Priced: None of note.

Notes Priced of note: None of note.

Common Stock filings:  CMG of note.

Mixed Shelf Offerings: LAND OVV DVN TCRR of note.

Convertible Offering Files: Note of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: 

None of note.

Missed: 

None 0f note.

Hourly Action This Week: Updated 3/5 Close

News After The Close (In Order of Time)

Apollo Global (APO) rumored to make a bid for TEGNA (TGNA) in the 20a.

FAA looks to fine Boeing (BA) $19.7 million for faulty 737 sensors installation.

South by Southwest cancelled due to coronavirus.

President Trump names Rep Mark Meadows as his new Chief of Staff.

Lowers Guidance: PKI

Withdraws Guidance: PEB

Stock Buybacks: 

Dividend Increases: SUI

Dividend Decreases: 

Gap Higher: KALA +15%, TLT +8%, ARDX +5%,

Gap Lower: OVV -27%, DVN -25%, FANG -24%, USO -22%, HAL -22%, SLB -18%, BP -17%,  XOM -12%, RDS.A -12%, TOT -11%,  PSX -6%, IWM -6%, QQQ -6%, DIA -6%, AYX -5%,

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. 

S&P 500 -151 Dow Jones Industrial Average -1304  NASDAQ -435 Russell 2000 -72. Fair values are  higher. Asia and Europe lower.

Gold higher with silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $140.17 from $137.63 and yields at 0.429% from 0.77%.  Prices as of 8:20 a.m. EDT.

Positive Sectors On Friday: None of note

Negative Sectors On Friday: All lower lead by Materials, Energy, Conglomerates and Financials.

One Month Winners: None of note.

Three Month Winners: Conglomerates and Utilities.

Six Month Winners:  Technology, Healthcare and Consumer Goods.

Twelve Month Winners: Technology, Consumer Goods,Utilities, Services and Healthcare.

Year to Date: Conglomerates and Utilities.

Upcoming Earnings Of Note (sorted by market cap, highest to lowest)

Today After The Close: None of note.

Tuesday Before The Open:  of note.

Earnings This Morning Of Note

Beat: 

CYOU +0.53, ANAB +0.05 of note.

Missed:

KLXE (0.28), THO (0.19), SOHU (0.05), SOGO (0.01) of note.

Still to Report: 

Rags & Mags: Highlighted Stories may be clicked through to the original story.

Top News Story: NYSE haulted overnight trading as S&P 500 futures were lower by -5%.  Trading halts potentially for today are at -7% from Friday’s close, -13% and -20%. There will be 15 minutes breaks after a -7% and -13% drop and after -20% markets will close. (CNBC)

5 Things To Know To Start Your Day. (Bloomberg)

Stocks Moving This Morning. (CNBC)

Coronavirus update: Worker at Disneyland Paris tests positive. (CNBC)

Coronavirus Map. (Bloomberg)

Federal Reserve to increase repo operations to $150 billion from $100 billion. (CNBC)

Saudis slash the price of oil as well as increasing production and now at $32 down -22%. (CNBC)

The entire yield curve is now under 1.00%. (CNBC)

Senator Corey Booker (D -NJ) endorses Democratic Candidate Joe Biden.

Senator Ted Cruz (R – TX) will self quarantine after being exposed at CPAC. (CNBC)

Stock Index Tracking

Current through 3/6 close.

Bold means a change from prior day.

The advance/decline line model is now back in cash. Updated through 3/6 close. In 2019, the model was up 16.48% on the S&P 500 and this year is down -7.64% with the S&P 500 lower by -6.83% before today. 5 buy signals and 4 cash signals in 2019. We moved to cash at 3116.31 on the S&P 500.

Algo/HFT Trading Levels:

The Erlanger Value Lines track the intraday range of resistance, pivot and support used by Algo/HFT Traders. Each day we show where we closed within the range. Update through 3/5 close.

Courtesy of Phil Erlanger Research, Inc.

Economic & Related:

No releases of note today. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as NFIB Small Business Optimism Index, CPI, PPI and University of Michigan Consumer Sentiment.

Geopolitical:      

President Trump will be fundraising in Florida today and back in Washington D.C. at 3:45 p.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note: HA  (Conference Call) BVN HA  (Investor Day)  

Sellside Conferences: Deutsche Bank dbAccess 28th Annual Media, Internet and Telecom Conference (3/9-3/11)

Industry Conferences: None of note. CERAWeek 2020.

M&A Activity

Aon (AON) and Willis Towers Watson (WLTW) combine in all stock deal.

Upgrades & Downgrades updated through 8:45 a.m. EDT.

DISCLAIMER

This communication is for informational purposes only and is solely intended for use by institutional investors. Use of this communication by others, including retail investors, is prohibited. No statement herein is to be construed as a recommendation to purchase or sell a security, or to provide investment advice. Certain products, including options and futures, may involve substantial risk and are not suitable for all investors. The information on this webpage is provided by an independent third party. While the information and opinions presented in this material have been obtained or derived from sources believed by Capital Institutional Services, Inc. (CAPIS) to be reliable, CAPIS makes no representations concerning its accuracy or completeness, and accepts no liability for loss arising from the use of this material.